#1 - Lululemon Athletica (NASDAQ:LULU)
Lululemon Athletica Inc. (NASDAQ: LULU) is the original fab-leisure brand. It’s synonymous with its iconic yoga pants, but the company has evolved into much more. That “more” includes a men’s line, which grew at a 15% clip in the first quarter of 2024.
The company continues to grow and is projecting double-digit revenue and earnings growth in 2024. Lululemon is on track to reach the goal of its Power of Three strategic initiative to double net revenue from $6.25 billion in 2021 to $12.5 billion by 2026.
But despite all that, the stock is down 40% in 2024 as many investors believe that all the growth is priced in, particuarly as consumers look for more affordable alternatives. However, trading at around 21x forward earnings, LULU stock looks attractively valued. With the MarketBeat analyst forecasts showing a 44% upside, this looks like a solid buy-the-dip candidate.
About Lululemon Athletica
Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.
Read More - Current Price
- $379.42
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 18 Buy Ratings, 10 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $377.63 (0.5% Downside)
